October 15, 1976, Forty Years Ago: Nobel For Friedman

The economics prize went to Milton Friedman for his writings in the fields of consumption analysis, monetary history and theory, and the influence of his theories on the monetary policies of central banks.

By: Editorial | Published:October 15, 2016 12:35 am
Nobel prize, Nobel prize 2016, Milton Friedman, indian express Forty Years Ago, Forty Years Ago, indian express Gajdusek’s studies were initiated to clarify the origin of a brain disease called kuru, which was discovered in the New Guinea highlands in the 1950s.

Three Americans, one of whom studied the effects of ritual cannibalism in New Guinea on a unique form of brain disease, were awarded the 1976 Nobel prizes for medicine and economics. The economics prize went to Milton Friedman, 64, of Chicago University, for his writings in the fields of consumption analysis, monetary history and theory, and the influence of his theories on the monetary policies of central banks. The medicine award was shared by Baruch S. Blumberg, 51, of Philadelphia. and Carleton Gajdusek, 53, of Bethesda, Maryland, for their work on the origins and dissemination of little understood infectious diseases. Gajdusek’s studies were initiated to clarify the origin of a brain disease called kuru, which was discovered in the New Guinea highlands in the 1950s.

Deng Loyalist Back

Chinese minister of rail-roads, Wan Li, Mr Wan Li, who was relieved of his duties a few month ago for “complicity” with the former vice- premier, Deng Xiaoping, has recovered his portfolio. This “rehabilitation” coincided with reports in the last two days of the arrests of several top “radical” leaders. Wan had been severely criticised in the provinces by large character posters, which accused him of complicity with Deng, who was dismissed in April for “right deviationism”. Wan was also targeted by the Red Guards during the Cultural Revolution. Like Deng, Wan also hails from Szechuan.

Indira-Kaunda Talks

President Kenneth Kaunda of Zambia is understood to have expressed the apprehension that any failure of the forthcoming Geneva talks on Rhodesia might result in the involvement of big powers in the region. They are involved even now, he told Prime Minister Indira Gandhi, during their talks in Lusaka. Mrs Gandhi expressed pleasure at meeting Kaunda in his own home town at a moment which is “very important” for Africa.

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